By Steve Agbota
The Edo State Government has concluded plans to revitalise its mining sector and wooing potential investors to the state by showcasing the abundant solid mineral resources available in the region.
In the recent report released by the State Commissioner for Mining and Energy, Enaholo Ojiefoh, and made available to Daily Sun revealed on-excavation-site price analysis, current market trends, factors influencing price changes, purpose and transparency and encouraging investment among others.
According to him, the report aims to provide a comprehensive understanding of the solid mineral market’s capital expenses, aligning with the vision of Governor Godwin Obaseki.
However, the Commissioner is spearheading efforts to revitalise the mining sector in Edo State, showcasing the abundant solid mineral resources available in the state.
Ojiefoh hinted that the report offers a detailed examination of on-excavation-site prices for solid minerals in Edo State, providing an insightful analysis of the current market trends.
Furthermore, he said the report delves into the factors influencing price fluctuations in solid minerals, considering external and internal elements such as union activities and the impact of inflation, which contribute to weekly variations, adding that the objective of the market report is to enhance transparency and foster interest among Edo State residents, potential investors, and the public.
Speaking on encouraging investment, he said: “By offering insights into capital expenses associated with the solid mineral market, this report serves as a catalyst for stimulating interest among potential investors.
The detailed analysis of market trends and influencing factors seeks to showcase the lucrative opportunities within Edo State’s solid mineral sector.
“The Edo State solid mineral prices report not only provides a meticulous analysis of market trends and influencing factors but also aligns with the broader vision of Governor Godwin Obaseki to revitalise the mining sector.”
Ojiefoh said his commitment of Enaholo Ojiefoh, to showcase the vast solid mineral resources in Edo State is exemplified through this report.
Meanwhile, he said the primary purpose of the market report is to promote transparency within the solid minerals sector of Edo State. By disseminating critical information, he added that the report aims to encourage the active involvement of Edo State residents, attract potential investors, and provide the general public with a clear perspective on the state of the solid mineral market.